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  • July data reflects more positive changes in China's economy

        BEIJING, Aug. 11 (Xinhua) -- China's key July economic data adds to the optimism that the world's third largest economy is back on the track to recovery amid the global downturn, though challenges still persist.    MORE POSITIVE CHANGES    Bo...
  • Global recession coming to an end: Moody's economist

        HONG KONG, Aug. 8 (Xinhua) -- Leading indicators suggest that the global recession is coming to an end and the world economy is on the road to a policy-induced recovery, a senior economist of the Moody's Economy.com said in a latest report.     ...
  • China's auto sales surpass 1.08 mln units in July

        BEIJING, Aug. 7 (Xinhua) -- Sales of China's domestically-made automobiles totaled 1.09 million units in July, up 63.57 percent compared with the same period of last year, the China Association of Automobile Manufacturers (CAAM) said Friday.   ...
  • China-ASEAN free trade area to be completed on schedule

        NANNING, Aug. 6 (Xinhua) -- The China-ASEAN (Association of Southeast Asian Nations) Free Trade Area would be completely operative in 2010 as scheduled, a senior official from the Ministry of Commerce said Thursday.    "The free trade zone will ...
  • China's auto imports tumble amid global crisis

        BEIJING, Aug. 6 (Shanghai Daily) -- China's auto imports achieved hefty increases over the past five years, but posted a 31.4-percent decrease in the first half of this year amid weak demand caused by the global economic crisis, the China Associati...
  • China's economy to expand 8.5% this year, report forecasts

        BEIJING, Aug. 2 (Xinhua) -- China's economy would continue to recover from the world financial crisis in the latter half and expand at the rate of 8.5 percent for the whole year, said a report from the Bank of Communications on Sunday.     The...
  • China to kick off second national investigation on R&D resources

        BEIJING, Aug. 1 (Xinhua) -- China will implement a nation-wide investigation to find more research and development (R&D) resources to promote the country's agriculture, manufacturing, information technologies and other major industries.      ...
  • BYD bids for the top gear

        BEIJING, July 28 (China Daily) -- China's privately owned battery and automobile maker BYD Co is expanding its product line-up and capacity through a series of moves it made over weekend.     BYD, part owned by Warren Buffett's Berkshire Hathaw...
  • China lowers gasoline, diesel prices

        BEIJING, July 28 (Xinhua) -- China will cut gasoline and diesel prices from Wednesday by 220 yuan (32.4 U.S. dollars) per ton, or by about 3 percent each, the National Development and Reform Commission (NDRC) announced Tuesday.     The retail p...
  • China's GDP to grow around 9% in Q3: report

        BEIJING, July 28 (Xinhua) -- China's economy showed more signs of recovery and was likely to grow by around nine percent in the third quarter, a senior economist told Xinhua Tuesday.     Wang Xiaoguang, director of Macroeconomics Division of I...
  • Audi to open 100,000-vehicle assemble plant in China

        BEIJING, July 27 (Xinhua) -- German luxury carmaker Audi AG, which is owned by Volkswagen Group, plans to open a new 100,000-vehicle assemble plant in September in China to meet growing demand in the world's biggest auto market, reported Monday's C...
  • WTO: China to overtake Germany as largest exporter

        BEIJING, July 23 -- China is expected to overtake Germany as the world's top merchandise exporter this year due to a weak performance of the European economy, an official with the World Trade Organization said Wednesday.     WTO chief economist...
  • Official: Latest GDP figure is right on the money

        BEIJING, July 23 -- National Bureau of Statistics (NBS) official has rebuffed claims that the NBS could not have accurately produced its latest half-year economic data in the 15-day period it took to compile, pointing out that the department has th...
  • Ford China sales up 14% in H1

        BEIJING, July 22 (Xinhua) -- Ford Motor Co. said its vehicle sales in China rose 14 percent to 197,212 units in the first half from a year earlier, according to Wednesday's China Daily.     Changan Ford Mazda, a tie-up with Chongqing Changan Au...
  • Foundation of China's industrial recovery unsound: official

        BEIJING, July 22 (Xinhua) -- The foundation of a recovery in China's industrial sector is still not solid and faces many uncertainties, Zhu Hongren, spokesman of the Ministry of Industry and Information Technology (MIIT), said Wednesday.     "T...
  • Mainland real estate market back on growth track

        BEIJING, July 21 - China Daily -- Prompted by the explosive bank lending in the first half, China's real estate market appeared to have quickly returned to its growing path.     The average price of new homes in 36 medium- and large-sized citie...
  • China should not overestimate new-energy vehicles: experts

        CHANGCHUN, July 21 (Xinhua) -- As China's automakers accelerate development of hybrid and electric vehicles, experts and industry insiders say more attention should be paid to researching energy-saving technologies for conventional vehicles.   ...
  • China welcomes foreign enterprises to invest in China

        BEIJING, July 16(Xinhua)-- China welcomes foreign enterprises to invest in China, and adheres to its mutually beneficial opening up strategy, Foreign Ministry spokesman Qin Gang said at a routine press conference Thursday.    Qin said the "Rio ...
  • China's economy rebounds to 7.9 pct in Q2, recovery in sight

        BEIJING, July 16 (Xinhua) -- The Chinese economy expanded 7.9 percent year on year in the second quarter, as massive pump-priming and record lending pushed for a rebound from the worst growth figures in a decade, official data showed Thursday.  ...
  • China's auto prices see slight increase in June, NDRC

         BEIJING, July 12 (Xinhua) -- China's domestic auto prices were steady with a slight increase in June while imported vehicle prices rose at a faster rate, according to the price monitoring center under the National Development and Reform Commissi...